Even eLearning specialists are perplexed when it comes to calculating corporate learning's return on investment.
In most cases, business leaders must first implement a learning management
system prior to accurately analysing ROI.
To begin, demonstrating the cost vs value of an
e-learning strategy is no more than demonstrating the benefit vs. cost
of any other method of delivery. Second, switching facilitator-led
programmes to e learning
platforms is frequently thought to be more cost-effective or practical. The
ROI of a facilitator-led programme should be compared to the ROI of the
e-learning edition to establish its value to ensure actual cost savings and
utility. Companies frequently discover that a virtual training strategy is more
cost-effective than a traditional/classroom-style model.